As consumers lose interest in commuting to far-flung
Supercenters, Walmart is bringing its stores to their neighborhood.
The largest retailer in the world, Wal-Mart Stores, Inc.
(WMT), has recently been facing stiff competition from Target Corporation (TGT)
and Costco Wholesale Corporation (COST), its major rivals in the US.
Walmart’s same store sales (SSS) have grown slower than its
competitors’ over the last three years, leading to calls for greater innovation
and changes to its business model. More worryingly, its SSS fell 1.2% in the
first quarter of this year, and remained constant during the second quarter.
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